• Meralco power rates to go up this month

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    MANILA Electric Co. (Meralco), the country’s largest power distribution utility, announced on Friday that its power rates will slightly go up this July.

    Meralco said there will be an increase in the rate for a typical household by P0.0761 centavos per kilowatt hour (kWh) this July, thereby bringing the overall rate from last month’s P8.17 per kWh to P8.25 per kWh.

    Based on Meralco’s data, this month’s overall rate is comparable to the January 2010 level. It said the slight rate increase amounts to a P16 increase in the total bill of a typical residential household consuming 200 kWh, P24 for 300 kwh, P32 for 400 kwh, and P40 for 500 kwh.

    The July rate also includes the P0.79 centavos per kWh refund for this month for over-recovery on pass-through charges from January 2014 to December 2016 totaling around P6.9 billion.

    On May 11, 2017, the Energy Regulatory Commission (ERC) decision said that Meralco must refund an average P0.75 per kilowatt-hour from its customers’ electricity bills over a three month period starting in June up to August.

    The refund is not shown as a separate line item in the bill but is embedded in the different pass-through charges indicated in the bill, which include Generation, Transmission, and System Loss Charges and Lifeline and Senior Citizen Subsidies.

    For residential customers, the refund translates to a reduction of P0.79 centavos per kWh, excluding taxes.
    Meralco said the higher generation cost is due to higher IPP (independent power producer) costs and wholesale electricity spot market (WESM) charges.

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